RUSSIA LAUNCHES MASSIVE DRONE AND MISSILE BARRAGE ON UKRAINE, KILLING AT LEAST 18 CIVILIANS AND STRIKING KYIV AND MULTIPLE CITIES. (PHOTO).

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 Russia launches massive drone and missile barrage on Ukraine, killing at least 18 civilians and striking Kyiv and multiple cities  Russia carried out a large-scale overnight assault on Ukraine, launching hundreds of drones and dozens of missiles that killed at least 18 civilians and wounded more than 100 others across multiple cities, officials said Tuesday. The strikes hit Kyiv, Dnipro and other regions, with emergency crews working through destroyed residential buildings where some victims were trapped under rubble. In Dnipro, rescuers recovered the bodies of a 3-year-old child and a mother and her 8-year-old son, while officials reported 12 deaths in the city and six in Kyiv. The bombardment stretched from night into daylight, with explosions reported across wide areas of the country. Kyiv residents had been on alert for days after warnings of a major aerial attack, including advisories for foreign diplomats to leave the capital. Despite those warnings, most remained in pl...
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ACCESS, FBN, FIDELITY... CBN SELLS DOLLARS TO 26 BANKS, DISQUALIFIES SIX. (PHOTO).

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 Access, FBN, Fidelity… CBN sells dollars to 26 banks, disqualifies six


The Central Bank of Nigeria (CBN) says it sold foreign exchange (FX) to banks worth $876.26 million at N1,495 per dollar.

According to a statement dated August 7, signed by Omolara Omotunde Duke, CBN’s director of the financial markets department, the apex bank said the auction aimed to reduce demand pressure in the FX market and promote price discovery.

The CBN said the transaction was conducted through a retail Dutch auction system (rDAS).

According to the apex bank, while bids valued at $876.26 million from 26 banks qualified, bids from six banks were disqualified.

The CBN said four banks missed the deadline and two did not provide bids in their submitted templates.

Below is the full list of successful and unsuccessful bids.


$SUCCESSFUL BIDS:


S/N BANK SUCCESSFUL BIDS ($)

1. Access       79,092,862.79

2. Citi       12,001,875.89

3. Coronation        4,474,753.38

4. Ecobank        5,320,365.25

5. FBN       228,994,949.57

6. FBN Quest        5,089,359.92

7 Fidelity        43,616,742.68

8. FSDH        1,999,399.52

9. Globus       11,070,395.30

10. Greenwich             17,21.40

11. GTB         29,543,429.06

12. Jaiz         16,708,748.35

13. Keystone           4,635,899

14. Lotus           4,024,818.31

15. Nova            2,098,539.51

16. Parallex              548,052.17

17. Polaris             10,440,523.75

18. Providus             11,453,580.97

19. Signature                 551,753

20. Stanchart            28,429,525.73

21. Sterling            14,397,359.41

22. Taj             19,107,550.88

23. Titan                790.78

24. Union             13,268,519.66

25. Unity                616,138.33

26. Zenith              267,862,855.69

Total              815,362,006.30

DISQUALIFIED BANKS 


S/N BANK AMOUNT  REMARKS

1 UBA     13,213,785.91 Late submission

2 FCMB 178,652,316.84 Late submission

3 Stanbic 57,857,408.12 Late submission

4 Wema 21,940,547.84 Late submission

5 Suntrust 7,379,787.50 No bid rates

6 Rand 0 No bid received

Total 279,043,846.21

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